The nation’s capital market expectedly reacted negatively to the postponement of the 2019 general elections, as investors lost N196 billion at the end of trading on Monday. As of 12:02pm on Monday, the stock market had fallen by 1.92 per cent, by 2:00pm it fell further by 2.53 per cent, but as of the close […]
(Ecofin Agency) – Nigerian Breweries, 56% owned by international brewery group Heineken, is to be monitored this week on the Nigerian stock exchange. The company ended this week with a 3.75% rise on the exchange but it later published a not so positive 2018 results. Its turnover that year was NGN350.3 billion ($960 million), representing […]
By Modupe Gbadeyanka The 2018 financial year was not too good for Nigerian Breweries, going by details of its financial results released on the Nigerian Stock Exchange (NSE). The results, posted on the NSE website on Friday, showed that profit posted by the brewery firm went down by 41.2 percent when compared with the 2017 […]
Corporate actions are decisions taken by companies’ boards of directors or management teams, that could have impacts on the firms themselves or shareholders. Examples of corporate actions include the release of quarterly and full year results, payment of dividends, closing of shareholders’ registers, announcing qualification dates and Annual General Meeting (AGM) dates. Here is a […]
The Nigerian Breweries Plc on Monday attributed 41 per cent drop posted in profit after tax for the financial year ended December 31, 2018 to increased excise duty rates. Uaboi Agbebaku, NB Company Secretary/ Legal Director, said in a statement in Lagos on Monday that increased excise duty that came into effect during the year […]
Nigerian Breweries Yesterday, Nigerian Breweries (NB) was taken down its cachet by the Nigerian Stock Exchange (NSE). They were degraded from their previous status of high-priced stock to medium-priced stock. According to the NSE, Nigeria Breweries’ stock price dropped below the N100 paradigm on August 31, 2018 and traded below N100 up till close of […]
Goddy Egene The Nigerian equities market slumped to 15-month low yesterday on continuing bear run with the Nigerian Stock Exchange All-Share Index (NSE ASI) falling 1.25 per cent to close at 33,611.69, while market capitalisation shed N155.6 billion to close at N12.27 trillion. The market had lost 2.3 per cent last week in line with […]
Nigeria Stock Exchange Key equities on the Nigerian Stock Exchange (NSE) on Wednesday sustained days of loses with Dangote Cement dropping N13 to close at N210 per share. Nestle followed with N6 to close at N1,479 while Stanbic and Nigerian Breweries dropped N4 each to close at N41 and N84 per share respectively. Also, CCNN […]
Feyisayo Popoola The nation’s equities market recorded its highest daily loss in eight months at the close of trading on the floor of the Nigerian Stock Exchange on Wednesday. Sell-offs drove the NSE All Share Index lower by a record 3.5 per cent to close at 32,292.79 basis points. The market capitalisation of listed equities […]
The sell-offs in some highly capitalised stocks on Tuesday contributed significantly to drag the Nigerian Stock Exchange, NSE All Share Index, ASI by 0.5 percent or 112.69 points lower for the fifth consecutive trading session. Nigerian Stock Exchange NSE Specifically, the Index settled at 33,449.17 points from 33,611.69 points it closed on Monday with the […]
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